l and a health-insurance industry. a quick peek at the european market, futures indicating stocks will open higher on this monday morning. a big day for greece. over to caroline. caroline: you said, a man with a plan. we are seeing -- not where we saw the initial futures civic length. pretty much a flat. perhaps not as overexcited as many were expecting. finally, a planet getting on the table and we understand mr. tsipras is flying in and the reaction has been pretty good. alexis tsipras' new offer is progress. how far will that progress goal? what deals could be struck? ahead of the ecb and imf? what

would i managed to get through and the emergency meeting? -- what could they manage to get through the emergency meeting? up .3%. we are seeing rest asset coming back. out of germany out of the so-called safe havens. the bond price is falling. yields are up for the u.s. treasury as well up six basis point. meanwhile, money tentatively going into periphery. contagion really rearing its ugly head last week. now money going back into spain and italy. up by 11 basis points. we are seeing similar moves for -- and degrees of course, -- and greece, of course, many feel

concern about where the greek issued a bottle is going. meanwhile though, euphoria in as the m&a market. markets are set to react on the back of it. they have not opened up yet. we are expecting a caboose. bouygues telecom is expected to jump 60%. -- we are expecting a move. a move by patrick drahi. altice is what drahi owns. what are likely to see all of these stocks rise. maybe a few assets from the deal trying to meet the regulatory hurdles. pick us some of the assets in all three stocks significantly higher. the other french player, many like the sound of consolidation.

meanwhile, m&a when it comes to sky. up nearly 6%. speculation in the sunday press could we see the murdoch family eyeing a bigger stake in sky? they already own 39%. it was reported that vodafone has been looking at buying the stake of sky from the murdochs. as do not want to sell. why do they want to increase? r&d speculation -- m&a speculation. a canadian pension fund could be looking at a five billion pound deal. telecom italia, still looking to up its stake in the telecom company up as we speak. the italian government wanting to get a deal from is on a italian state lender instead not wanting to seize go out of

italian hands. mark: over to david ingles. hi, david. david: good morning. it is quite an interesting session and not one we expected when we woke up this morning. asian stocks having their best day in two months. a lot of that is this really good session we saw in japan which really set shop for monday. 80% of the stock in that nikkei to 25 and agree as part -- 225 in agreements. take your pick. big agreement, equipment makers are all higher. a very strong session in japan. enlisting -- there we go. 1.3%. it is worth noting it is not indiscriminate buying across the region. you may inc., risk session but volumes are quite light. you look across asia and about one third lighter compared to

place like hong kong and tokyo and sydney where about 1/5 compared to the 30 day average. ok, i want to mention, what happens in greece and china is shutdown today. it would be interesting to see how that market reopens tomorrow. keep in mind, down 13% last week , $1 trillion wiped out in terms of market cap. will it remain a technical bound? bond markets, yields are up a little bit. a story in 10 year -- australian and 10 year right now, fx market following a weak dollar story. we are looking at strength. back to you. mark: david ingles. let's get to greece. the euro area bail out expired

and prime minister alexis tsipras has presented a new plan to creditors today and russell. tsipras meets leaders, ecb reviewed emergency funding for his nation's thanks. we are joined by hans nichols in brussels -- in brussels. and i just. hans what do we know about greece's new plan? hans: we know it does not been flatly rejected. a fair number of positive comments. we heard from the eu commissioner on the economy as said for me, it heads and the right direction and echoed from another person. it could be basis of talks. we do not know what is going to do to the primary budget surplus and what the new plan that was presented a mr. tsipras had club

-- talking with merkel and hollande. they want to have new taxes and levies on businesses with revenues of more than 500 thousand euros and a solidarity level for people making more than 30,000 euros. and three -- the highest will of the 23%. they may eliminate some early retirement but they were not do that until next year. for mr. varoufakis, similar red. -- similar rhetoric. not exactly rhetoric that is calming. she gave an interview on sunday and said the ball is clearly in angela merkel's courts. he said she needs to make the call on monday. the uniform line we are getting even for members that are sympathetic other eurogroup and sympathetic to greece is it is up to greece to make a move and

greece have to move off the ball. varoufakis saying it is up to merkel, that the be an ominous sign. otherwise, mostly positive. mark: guy, what is the situation on the ground in greece? what is happening in the banks today? guy: the banks are open. that is obviously a key gauge of where we are going. as long as the bank stay open the process is going. when that process stops and the banks stop hating doubt that handing out money, we heard over the weekend there was significant orders placed for withdraws on monday for the outflows continue from the greek banks we understand. that is something the ecb will want to monitor very carefully. it is him is like a day by day basis. the mood is broadly positive. nothing that a deal will be done.

yes, once again, it seems the greeks are relying on the germans to come to the rescue. we'll wait and see. a very long meeting yesterday here in athens. mr. tsipras and certainly a lot of discussion was had. we have spoken to the coalition partner and the sense from them is red lines are being crossed by this government and we see changes on pensions and vat and changes on taxation. some ground. is it going to be enough? we will wait and see. these guys are politicians and they are brilliant over the last five years of pulling out of the deal at the 11th hour. are we really after the 11th hour? mark: jeff, let's chat with you. we are being here and a lot from the ecb. what is different today?

jeff: the difference is we are an unprecedented situation. this is the decision -- and the 30th decision within a week. it is always a daily basis. and the urgency is greater than ever before. the greek banks are accessing about 1/5 other total balance sheet. the political programs very quickly we have to assume this situation cannot go on. the ecb would have to in some form or another react to the situation. mark: jeff, thank you hans, and guy. other markets are reacting to the story from investors. i am joined by principal globe investor and a global fx strategist.

thank you for joining us today. stocks are rallying and the euro is up. where is the worry? guest: it is probably a short-term. optimism has come into the markets on what has happened today and yesterday and whether it goes through the summer i am not sure. mark: what could be the fourth consecutive week, why are figures rising? guest: first of all over the past five months or so, the euro has not been affected by the greek issue at the rates that have been put into place. the two most important things the biggest think is not in the

hands of the markets and the qe problem and let's call it a promise by mario draghi to do whatever and it's really helped to boost their confidence. mark: out of the eurozone? guest: it is important. ramifications if greece leave very especially eastern europe might really struggle. no longer strategic. you would have a potential room for immigration. it would ease controls. there -- i think a deal will be done. mark: june or july? nick: not today. mark: your favorite is july? nick: if you pick your favorite

one, it's a toss of the coin or assigning probability is higher. right now, what we have is very high pitch rhetoric from both sides. i keep getting back to this. it is really not so much about financing over the next one or two years but about structural reforms. this is where the whole thing is getting -- having said that, the june 30 is important because of the deadline. and greece would be left without a program which is why -- the most important date is july when you have the biggest payment held by the ecb that matures. i think a when it comes to that, it is a guessing game. if you put a gun to my head, i would say most likely not going

to get a deal and it will drag on for some time. the reason is things will get a bit ugly before they get better. at the end of the day, will reach some sort of a deal. nick lyster: i would agree. mark: capital controls, is that necessary? nick lyster: it depends on what happens. if there's a run on the banks. mark: to ecb is meeting almost on a daily basis. vasileios gkinonakis: basically that really shows you the political issue. at the same time, the ecb does not really want to do something. we had one point a billion euro injection -- 1.8 billion euro injection. and inject more money. and i think just as long as there's a possibility of a deal being risk, the ecb --

mark: it is -- nick lyster: exactly the point. the only thing that provides a life -- vasileios gkinonakis: exactly the point. the only thing that provides a lifeline. capital controls and then moving to really uncharted territories. i do not think the ecb would like to get there. mark: buy equities are hold off until more certainty is out there? nick lyster: i would not be buying equities or some european equities acted this point until we have more certainty. assess more generally. they will probably take a stride. mark: the survey we will chat about more detail in the next section. equities. give us a little idea of what that is about. nick lyster: investors not able

to get what they need from bonds any longer. as that is looking to equities. -- and at that is look to equities what do you are a pension fund trying to get growth or other investors. mark: vasileios gkinonakis the flip side is the dollar and likes of yellen's comments. have we pushed out of the first fed rate hike forecast or not? vasileios gkinonakis: we think it will take place in september. i do not really think it matters much for the dollar whether september or november. there has been two things playing gow. more broadly the first one is a lot has in priced into the dollar. if you look at the dollar and the differential, you see

overshooting to the dollar relative to where it should be trading. and the second thing is, you had a lot of -- already to the dollar. last week, the dots coming down in terms of median and distribution. and therefore the market is reassessing the whole thing. it will be a differentiation but as far as the euro is concerned something really bad turning out from greece, i think the euro will be ok. mark: vasileios gkinonakis thank you for joining us. nick lyster principal global investor chief executive stays with us. we will bring you all of the angles of the greek story with coverage from assets, frankfurt, and brussels. the grid dilemma from 10:00 u.k. time. first up, an interview with a

syriza member. that is 8:30 a.m.. coming up, all trading higher as patrick drahi puts a 10. just $10 billion -- put a $10 that puts a $10 billion -- puts a $10 billion bid on bouygues telecom. you can weigh in on all of the stories on twitter. tell me what you are following. do you think we will get a great deal today? you will find me @markbartontv. ♪

mark: i am mark barton. this is "on the move." greece's prime minister is in brussels with eu leaders and described has a definitive solution. euro area leaders will hold an emergency meeting with alexis eberst at 6:00 p.m. london time -- alexis tsipras at six at 5 p.m. london time. unlocking a deal for greece. -- at 6:00 p.m. london time. health insurer cigna has refused

a takeover bid from anthem saying it was in adequate and not in the best interest of shareholders. the rival was facing a number of issues including a lack of growth strategy and related antitrust actions. the deal would in the biggest takeover ever in the u.s. health insurance industry. eu foreign ministers meet in luxembourg for an extension to sanctions against russia over the ukraine crisis. they will be discussed with intelligence gathering and the mediterranean sea and efforts to combat refugee traffickers. the meeting starts and less than an hour at 9:00 u.k. time. after months of negotiation billionaire patrick drahi made a bid for bouygues telecom. with a more on the consolidation is caroline hyde at the touchscreen. caroline: share price reactions.

we have bouygues telecom up the most in a four years. patrick drahi is a billionaire. he already owns the holding company one of the key french telecom players and he wants to get a bigger. he wants to buy bouygues telecom . offering more than 10 billion euros. that deal was confirmed. they are looking to buy bouygues telecom. we do not get a price point for people familiar said more than 10 billion euros. merging his already french telecom unit with that bouygues telecom to get 30 million subscribers no less. we understand the board of bouygues telecom are meeting to discuss this on june 23. though far, they said no negotiations on the table and its unsolicited. we did in on why somebody would get into this m&a activity.

weapon talking about it for months that the french sector could be consolidated -- we have been talking about it for months that the french sector could be consolidating. it is greece and rates. got interest rates potentially going on in the united states. this world of m&a could get more costly. patrick drahi has been more savvy. he knows his way around a negotiating table. he is confirmed to be buying a u.s. cable company for $9 billion. a man who wants to build up his empire already in the caribbean and france across the atlantic and in france. let's look at the regulatory issues. there are a few. there's concern about there being three providers in france. it has been a price war injected

by this player. it came on the scene a few months ago is stirring up a lot more company titian. get around regulatory and we could see patrick drahi upload some of the assets he buys from bouygues telecom to the arrival iliad and maybe airways will come into the mix. we already know there are concerns. the finance minister saying a lack of competition is not a good for now. we had the economy minister showing of his concern over the weekend and he is a consolidation is not advisable for the sector. employment and investment a given the best possible service should be the priority. employment though, we already have bouygues telecom getting rid of employees from telecom unit because of competition. therefore, a lot of employment no matter where we go. the eu commissioner has gotten tougher and they will have to woo the regulators.

mark: still with us is nick lyster. commissioned the survey by research called pragmatism and equities and opportunities arise. you ask a couple of questions and i will ask you the questions and you with some of the answers area what is the latest? nick lyster: the code of equity. how investors are changing. he used to be the case that a lot of investors almost had a bias or blind faith in particular asset classes. what to this report highlights is not only being pragmatic and what investments can really deliver the return i need? mark: what is the answer? nick lyster: looking at the bonds. investors are saying, what is the yield going to be? either going to stay flat, ie

low or real returns. or they are going to go up. mark: good to see you today. nick lyster thank you pretty stay with us. ♪

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mark: welcome to "on the move.” i am mark barton. we are 30 minutes into the trading day. a picture of the markets today. stocks rallying at this expectation ahead of the meeting today of euro area finance ministers and euro area leaders at this evening in brussels. the ftse is up 1.3%. not as big of a gain as dax. the first trading day. our top stock stories. caroline is here. caroline: i am watching the telecom space. driving in paris. bouygues telecom conglomerate

company they could be selling off telecom unit. up 13%. the biggest a rally in the shares in almost four years. similar moves from the company coming in thomas will begin potentially -- coming in and swooping in potentially getting bouygues telecom. patrick drahi is looking at a buying bouygues telecom. a deal is on the table for about $10 billion. it could help boost up at the area and a french telecom area unit. bouygues telecom owns one of the 4 big players when it comes to french telecom. they could be seen the reduction in competition boosting consolidation by buying bouygues telecom and taking the 4 players down to 3. it is helping other players. slight competition. iliad is up 9%.

that could have slightly better price points and also could be buying of assets. it has got to get through the regulators. one way of doing that and satisfying concerns is for altice to sell off some of the bouygues telecom assets to iliad. we understand that is all in a play. will the government, will the regulators like it? a bit of consolidation and all of the telecom units are really driving prices higher. mark: thank you. the situation in greece. emergency summit underway in brussels. guy johnson on the ground in athens. guy, all yours. guy: thank you very much indeed mark. what are in those proposals, a member of the syriza party. she is at the deputy minister.

-- he is the deputy minister. good morning. what mr. tsipras is taking to brussels? guest: we have made a lot concessions and we are expecting others to do the same. our last proposal is showing that we are going to accept some burdens on our people provided that the other side is going to give us some inc. of relief. guy: let's break it down. any new proposals in what mr. tsipras is bringing? giorgios katrougalos: we are trying to move a little closer to what our prime minister wants. guy: are there changes in the pension system? giorgios katrougalos: we have accepted nationalization. early retirement. we're still adamant and we say no to any kind of reduction. [indiscernible]

we cannot go any more. guy: an increase in taxation? giorgios katrougalos: we do that exactly because we do not want it to go down. we want to have possibility to reform our state. not by measures imposed. guy: do you know the details of taxation? giorgios katrougalos: we have ongoing negotiations. guy: the german foreign minister said we need to make the proposals more concrete. what you think he means by that? giorgios katrougalos: negotiations not a matter of taxation. it is still a political clash. i hope that it will correspond.

and have something. guy: if you cannot get a deal today, what will happen? giorgios katrougalos: both sides once a deal. a lack of agreement would -- everybody has an interest. guy: how do you put a plan together that would help the country through ie, are you ready to legislate on capital controls? giorgios katrougalos: capital controls is out of the question. guy: any kind of alternative? giorgios katrougalos: any kind of alternative. everything must be on the table. eventual fact we must take it into account. we do not want it. we want a deal. the government must face it. guy: are all of the mp's in your party on the board?

what are they that mr. tsipras? giorgios katrougalos: everybody is going to back the agreement. our prime minister will not sign an agreement that is not a fair one. guy: you were not lose a faction? giorgios katrougalos: exactly. everybody respects it. guy: what about the central-bank? there seems to be a difference between your government and the central-bank. the central-bank put up a statement that seem to be fairly in century of what would it -- incendiary of what would happen if there is no deal. giorgios katrougalos: the bank has a clear mandate. there's a difference between an elected body and somebody not elected. [indiscernible] members on behalf of the government, in my opinion has been satisfied. guy: do you worry about the banking system?

the greek mark taking their money, what are they telling you? giorgios katrougalos: and i regret to say it would use this factor over the time over the lack of liquidity as weapons during negotiations. they have tried to use it in order to address. [indiscernible] we are going to show the same good faith well shown from the beginning. guy: we ended a good way today, you think will get a good deal or the start of a more positive process to bring home more money for you guys to a the imf after the end of the month? giorgios katrougalos: today will be the beginning of a fair and viable deal. guy: after the end of the month a deal in place? giorgios katrougalos: we are going to have an agreement in

respect our engagements. guy: what is the long-term picture? the fact you do not want to take additional loans, do you think there's any for a third bailout? giorgios katrougalos: not at all. it would be the same austerity. as i said before [indiscernible] whether we will have austerity or social europe. actually the second option. : we have a new government. our support is much wider. guy: giorgios katrougalos thank you very much. the deputy minister of reform and member of the syriza party.

mark, back to you. mark: speaking to giorgios katrougalos deputy minister in alexis tsipras' cabinet. the greek market opening. the details. what do we got? reporter: an absolute rally. of as much as 6.5% this morning. you can see other chart, look at that middle wide. that is the stock exchange. i can tell you if you drill down into the details that the biggest gainer this morning are greek banks. euro bank all gaining today. the biggest gainers up as much as 16%. a look at the bond market. look at that. greek 10 year borrowing costs down by 116 basis points. that is sky green. italy, portugal, borrowing costs

coming down. europe, will seen it to rally. some resilience despite all of the concern. i want to show you a few fascinating chart starting with options on euro-dollar. this is tracking over five years. down here, a drop. what that drop actually shows is it is more expensive now to protect against the risk of the euro actually falling. that price has gone up the most since 2012. that is the options chart. the next when issuing euro-dollar volatility. on this line tracking, a gauge of market uncertainty in relation to euro-dollar. here is today and you can see is actually lower than it was in 2009. guess what? about the same in 2012 when we asked the greek restructuring taking place.

look down here and i want to focus on the green after the end of this aligned. the one-month compared to six months it shows almost every day this year investors have seen a possibility of more volatility on one month basis rather than further down the line. that is unusual because normally volatility is greater longer-term -- shorter-term. the big question is are we going to see a greek default? they are insuring against the risk of a greek default. a year ago today they were saying the risk was 14%. guess what it is today? you are looking at 78%. mark: a june 30 deadline. still no deal. the greek crisis. they iran nuclear talks. more on the other deal standoff. it could shape the future of

geopolitics. in the meantime, way in on all of today's stories on twitter. greek bonds are rising and greek stocks and the euro is rising. what crisis? way in and let me know what you think at --@markbartontv on twitter. ♪

mark: i am mark barton. let's talk about m&a.

47 billion takeover offer from anthem saying it was not in the best interest of shareholders. our reporter join us with more. what were the issues here? reporter: the main issues were valuation as well as management issues, who was going to be on the top the ceo. anthem was remain on top of the combined entity and that is something that cigna' s management did not like. and cigna and anthem, 2 competitors they are racing for consolidation, the whole industry. and some had its own issues. -- anthem had his own issues. a bit of back and forth. mark: not just health care we are seeing m&a it is within the

stop sector of the health care industry, health-insurance industry? manuel: exactly. we wake up every day and see $10 billion deal and the market. and not as you said jeff insurance. the next step and we have seen pharmaceuticals, biotech medical and now services from hospitals and insurance. this industry is tremendous consolidation. mark: a is $184 per share. 90% premium. what happens next? manuel baigori: i think everybody the big five players are talking to each other as some people were talking about how we might see the industry. huge pressure after the obamacare in 2010 to consolidate

and keep up profitability. we might see a lot of back-and-forth between the players in trying to decipher who buys what and what price. mark: thank you very much. manuel baigorri. speaking a rejecting anthem's takeover offer. let's shift gears and talk geopolitics with the deadline for a deal on iran nuclear deal looming. the lawmakers met, located by voting to prevent -- may have come located by voting to prevent inspections. elliott gotkine has more. how significant is this? -- map complicated by voting -- may have come located by voting inspections. elliott: andreessen be formally passerby -- it needs to be formally passed by parliament. now, the supreme leader is

saying it a bit any stage is and giving his backing to president rouhani to reach an agreement with world powers. he has supported and said he wanted a deal but not at any cost. that is what iranian lawmakers are trying to pass on right now. on the other side you have the fact that secretary of state jim carrey -- john kerry returns with a deal, he would have to sell the deal to congress where the chair of the senate foreign relations committee bob corker has said inspectors should have any time, anywhere access within iran. clearly, what corker saying and iranian politicians are saying is not compatible. we need to see this as part of the negotiating process and get to the other side to lay off a little bit in terms of demand and get more concessions in order to get a deal more

palatable. we'll see more of these rumblings both on the world powers side and iranian getting closer to the june 30 deadline. mark: inspector assess is one of the issues -- access is one of the issues. world powers and iran will be discussing in vienna. elliott: very much. if you like the access of inspectors from international atomic agency which is based in vienna, it holds the key to many issues. for example, world powers want to get a better steer of what they suspect military died mention with the nuclear program -- suspect military with the nuclear program. other military side insights expected not oh -- suspected not out in the open and they would need more permission that would be more ethical.

the big one is sanctions. iranians want sanctions lifted as soon as a deal is done. world powers are more inclined was inspectors have verified that iran is sticking to its word in no backsliding. and sanctions to be reimposed if they are found to be cheating. all of those issues and details will be discussed in vienna next week. the deadline is june 30. as we saw with the framework agreement on april 2, about two or three days later, it has every chance that the deadline could slip a little bit. for now, midnight vienna time june 30. mark: elliott gotkine. auction wards. fine art reach record highs. -- auction wars. we will discuss after the break.

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mark: welcome back to "on the move." i am mark barton. gavels between sotheby's and christie's, it is heating up. christie's is having their best week ever. joining us is stephanie baker. stephanie, wow. the magazine, isn't it? the magazine about the rivalry, isn't it? stephanie baker: a whole issue about the business rivalry of all kinds. mark: one of the biggest is sotheby's and christie's. who is winning?

stephanie: christie's -- sotheby's has pulled ahead. they are bigger in modern art and that is driving these record prices. christie's sold $1.7 billion worth of art in four days. and that was almost double what sotheby's fetched in two weeks. mark: why are prices so crazy right now? stephanie: several different factors. a new breed of collectors, the super rich, hedge fund managers, russian billionaires buying trophy art. not only a sign that they arrived but a new asset class. a means of an investment on return and being used as chips. you can see a hedge fund manager buying and selling quite aggressively. mark: why is sotheby's falling behind?

stephanie: sotheby's is stronger in impressionist. you have not seen prices get so crazy in that area. it is a bit more muted and the m onets and manets not fetching the bigger prices like no warhol and big names. the big trophy works that are sought after. they both have new ceos. patricia is the french woman appointed to christie's. and pat smith, -- tad smith, an outsider has been appointed to sotheby's. at least 40% at the art auction market. it does not include private sales. there's never been so much money on the table in the art market. a lot more at stake.

mark: stephanie baker, good to see you. you can see that in bloomberg markets. the rivals issue. a quick peek at the top. patrick drahi has made a $10 billion cash bid for bouygues telecom. all of the companies are up a minimum of 10%. join me on twitter. it is about the french telecom and it is about greece. leaders are meeting later. the ecb is meeting today. and mr. sippers is chatting to his creditor -- mr. tsipras is chatting to his creditors. the pulse is next. that will be live in athens. special coverage of developments. also in the second hour, greece as well. do not go away. see you tomorrow. ♪

francine: man with a plan. alexis tsipras braces with an emergency meeting after presenting new measures that could decide his nation's future in the euro. bidding for bouygues telecom. patrick drahi is trying to acquire. apple is baking down on royalty payment. -- backing down on royalty payments. ♪ francine: welcome to "the pulse ." i am francine lacqua. the greek prime minister